Infratil Share Buyback

Infratil Limited advises that it has acquired its own securities. The following information is provided in accordance with Listing Rules 7.12 Class of security: Ordinary Shares ISIN: NZIFTE0003S3 Number of Ordinary Shares acquired: 500,000 Acquisition price (average): $2.925 Date acquired: 20 January 2017 Payment: In cash Amount paid up: Fully paid up Ordinary Shares Percentage of the total class of securities issued (after the acquisition): 0.09% Reason for the acquisition: Considered by the Directors to be in the best interests of the Company and shareholders. Specific authority for the acquisition: Buyback to be carried out pursuant to Infratil's continuing Share Buyback Programme outlined in its 2016 Notice of Meeting. Total number of Ordinary Shares in existence after the acquisition: 567,063,166 Total number of Ordinary Shares in existence after acquisition and after deduction of Treasury Stock: 560,053,166 Treasury stock: Shares acquired will be held as treasury stock Mark Flesher End CA:00295833 For:IFT Type:BUYBACK Time:2017-01-23 08:30:24